Friday, 24 June 2011

Economy of Vietnam

Economy of Vietnam
500 dong.jpg
Rank 46
Currency Vietnamese đồng
Fiscal year Calendar year
Trade organisations AFTA, WTO
Statistics
GDP $273.967 billion (PPP, 2010 est.)[1]
GDP growth 6.7% (2010 est.)
GDP per capita $2,942 (PPP, 2008 est.)
GDP by sector Agriculture: 19.0%, industry: 42.7%, services: 38.4% (2008 est.)
Inflation (CPI) 11.75% (2010)[2]
Population
below poverty line
13% (2005 est.)
Gini index 37 (2004)
Labour force 48.41 million (2008 est.)
Labour force
by occupation
Agriculture: 55.6%, industry: 18.9%, services: 25.5% (July 2005)
Unemployment 2.88% (2010)[3]
Main industries Food processing, garments, shoes, machine building, mining, cement, chemical fertilizer, glass, tires, oil, coal, steel, paper
Ease of Doing Business Rank 78th[4]
External
Exports $63.73 billion (2008 est.)
Export goods Crude oil, marine products, rice, coffee, rubber, tea, garments, shoes , pepper
Main export partners US 20.8%, Japan 12.5%, Australia 7.3%, China 6.9%, Singapore 4.5% (2008)
Imports $79.37 billion (2008 est.)
Import goods Machinery and equipment, petroleum products, fertilizer, steel products, raw cotton, grain, cement, motorcycles
Main import partners China 19.9%, Singapore 12.1%, Taiwan 11%, Japan 9.9%, South Korea 8.5%, Thailand 6% (2008)
Gross external debt $23.72 billion (2008 est.)
Public finances
Public debt 44.5% of GDP (2008 est.)
Revenues $22.39 billion (2008 est.)
Expenses $24.19 billion (2008 est.)
Economic aid $2.8 billion pledged (2000)
Credit rating Standard & Poor's:[5]
BB- (Domestic)
BB- (Foreign)
BB (T&C Assessment)
Outlook: Negative[6]
Moody's:[6]
B1
Outlook: Negative
Fitch:[6]
B+
Outlook: Stable

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